About a month after
Some Mastercard transactions did not work for about 90 minutes, reports
Mastercard did not disclose the cause or size of of its outage, though it appears to have been smaller in scope and duration than Visa's outage, a 10-hour incident that spanned Europe.
Real-time payments and FedNow were top of mind at The Clearing House's Annual Convention this week. Here's how banks and payment companies see RTP's potential evolution.
The Treasury's financial crimes arm alerted banks to the dangers of AI-powered fraud, urging close monitoring and swift reporting of any suspicious activity.
Agriculture lenders expect more than a third of their borrowers to lose money this year, a development that could result in credit quality deterioration and impacts on banks' bottom lines.
This year, 22 banks with assets between $3 billion and $10 billion made American Banker's Best Bank to Work For 2024 ranking.
In a speech, Federal Reserve Gov. Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking.
Customized perks, AI-driven solutions and even freelance employees are all in play at banks as human resource managers confront the challenge of recruitment and retention.
